Central Bank of India to Open 150 Branches & Recruit 1,400 Officers in FY 2027

Central Bank of India has outlined an ambitious transformation roadmap for FY27 aimed at strengthening its domestic presence, expanding international operations, and reinforcing its human capital base. The strategy reflects a multi-layered approach to scale operations while improving efficiency and credit quality. The objective is to unlock growth potential and enhance business efficiency across these entities.

Central Bank of India to Open 150 Branches & Recruit 1,400 Officers in FY 2027

Central Bank of India is set to expand its network and workforce in FY27 to improve customer reach and strengthen operations across India.

Key Highlights:

• Opening 150 new branches across urban, semi-urban, and rural areas
• Recruiting around 1,400 officers in multiple roles
• Focus on improving customer access and banking services
• Strengthening presence in high-potential and underserved regions
• Supporting overall growth and financial inclusion strategy

Central Bank of India Sets FY27 Growth Agenda

The bank is set to significantly widen its physical footprint by adding 150 new branches across urban, semi-urban, and rural markets. Under the leadership of Managing Director and CEO Kalyan Kumar, the bank is aiming for steady growth through branch expansion, new recruitments, global banking initiatives, and improved subsidiary performance.

Workforce Strengthening: Building Specialized Talent

To support its operational expansion, the bank plans to recruit around 1,400 officers in FY27. The hiring strategy is structured to bring in domain-specific expertise across multiple verticals:

• Probationary Officers (major intake segment)
• Marketing specialists to enhance business acquisition
• Forex professionals for international banking operations
• Senior-level risk and treasury experts at AGM level

International Push: GIFT City Banking Unit

A key milestone in the expansion plan is the upcoming operational launch of the bank’s International Financial Services Centre Banking Unit at GIFT City, Gandhinagar. With regulatory approvals in place from the Reserve Bank of India and the IFSCA, the unit is expected to become operational soon. It will primarily cater to corporate clients engaged in cross-border trade and financing.

The proposed offerings include:

• Foreign currency lending solutions
• Trade finance services
• Treasury and risk management products
• This initiative is aimed at expanding the bank’s access to global financial markets and boosting foreign exchange-related business activity.

Subsidiary Overhaul: Strengthening Governance and Growth

Senior leadership, including top management officials from the parent bank, has been assigned to guide operational improvements and governance upgrades. Alongside core banking expansion, the institution is also focusing on restructuring and improving performance of its subsidiaries:

• Centbank Financial Services Ltd (CFSL)
• Cent Bank Home Finance Limited (CBHFL)